SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

SEGMENT INFORMATION

14.          SEGMENT INFORMATION

The Company's Chief Executive Officer, Chief Financial Officer and management regularly review financial information for the Company's operating segments. The Company previously conducted its operations through three businesses consisting of 1) Intersection, 2) Highway, and 3) LPR.  As further described in Note 2 of these Notes to Consolidated Financial Statements, on July 9, 2015, the Company completed the sale of its LPR business segment.  As a result, effective July 9, 2015, the LPR business qualified for discontinued operations presentation in the Company's consolidated financial statements.  Accordingly, financial results for the 12 months ended December 31, 2015 have been reported on this basis. 

Accordingly, effective July 9, 2015, the Company has two reportable segments, Intersection and Highway. Autoscope video is our machine‑vision product line, and revenue consists of royalties (all of which are received from Econolite), as well as a portion of international product sales. Video products are normally sold in the Intersection segment. The RTMS is our radar product line, and revenue consists of international and North American product sales. Radar products are normally sold in the Highway segment.

Operating expenses and total assets are not allocated to the segments for internal reporting purposes. Due to the changes in how we manage our business, we may reevaluate our segment definitions in the future.

The following tables set forth selected unaudited financial information for each of our reportable segments (in thousands):

	For the year ended December 31, 2016
	Intersection		Highway		Total
Revenue	$	8,829	$	5,313	$	14,142
Gross profit		8,099		1,945		10,044
Amortization of intangible assets		90		-		90
Intangible assets		2,795		-		2,795
	For the year ended December 31, 2015
	Intersection		Highway		Total
Revenue	$	10,198	$	5,017	$	15,215
Gross profit		9,128		2,610		11,738
Amortization of intangible assets		-		455		455
Intangible assets		1,210		-		1,210

 

We derived the following percentages of our net revenues from the following geographic regions:

	For the year ended December 31,
	2016	2015
Asia Pacific	1%	0%
Europe	17%	17%
North America	82%	83%

No countries other than the United States had revenue in excess of 10% of our total revenue during any periods presented. The aggregate net book value of long‑lived assets held outside of the United States, not including intangible assets, was $82,000 and $101,000 at December 31, 2016 and 2015, respectively.